RE:RE:I don't know guys....Hi GG
The thing is they wouldn't have had to get "approval" from the board to buy out iae a month ago for $1.50. They could have offered it to management, and if management said not, then they could have gone public with an offer that had a 150% premium to where iae was trading at the time.
What at you guys are suggesting is that the Dalek thought process looked something like this a month ago:
"Hey, iae is at 60 cents. Let's buy 20% of the company for $1.05, representing a 75% premium. Then, we'll sit back and watch the value unlock and the price rise as we head towards Stella. Then, we'll buy the remaining 80% of shares at 2.5x as much as our first batch"
They may be a bunch of nice guys, but I can't buy that they would do this. Yes the risk would decrease, but they would be paying an additional 400 million. That's too much to mitigate Stella risk.
Someone earlier said that if they simply wanted to invest in the company, they would have done it on the open market. I don't know about that either. Pretty hard to accumulate over 80 million shares on the market without driving the price up past $1.05. Rather, I think they paid the premium because they were buying such a large number of shares, and it was the most cost effective way to do it.
Just my thoughts. And I might be wrong.
One way way or another we are headed up though. That seems pretty clear.